Xpeng Earnings Report: Anticipated 35% Jump in Quarterly Deliveries Driven by Self-Driving Technology

Xpeng earnings forecast reveals an anticipated minimum 35% increase in quarterly deliveries, fueled by innovations in self-driving technologies and sophisticated digital cockpits. In its latest earnings report, the Guangzhou-based EV maker estimated total sales could range from 41,000 to 45,000 units in the third quarter, marking a substantial rise from previous deliveries of 30,207 vehicles.

Despite reporting a net loss of 1.28 billion yuan (approximately US$179.2 million) for the second quarter, the loss has narrowed compared to earlier periods, beating analyst expectations. The company’s revenue experienced a robust quarter-on-quarter growth of 23.8%, totaling 8.1 billion yuan.

CEO He Xiaopeng commented on entering a promising product cycle with multiple new models slated for release in the coming years. This strategic push, coupled with advancements in artificial intelligence, aims to convert technological innovation into sales growth both locally and internationally.

Notably, Xpeng is recognized for its autonomous driving capabilities, which are poised to rival Tesla's Full Self-Driving software. The company recently extended the operational scope of its semi-autonomous driving systems across all cities in China, becoming the first mainland automaker to do so, further bolstering its competitive edge in the growing EV market.